When you apply for a Standard Chartered Business Loan there are a few steps that you need to take. They are given below:

1. Submit the Standard Chartered online business loan application form
2. Complete with your KYC and Financial documentations
3. The processing of the business loan which includes legal and technical verification will be initiated
4. A sanction letter will be issued, which will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. A request for business loan disbursement will be raised by Standard Chartered Bank, after which they will issue a cheque 

A few important documents that you need to submit while applying for Standard Chartered Bank Business are given in the table below:

A major reason why you need to select Standard Chartered Bank business loans is that they ask for ‘NO’ collateral. Besides, this MNC Bank offers minimum documentation and provides for a simplified business loan processing.

Usually, once you completely fill in a Standard Chartered Business Loan form online and submit all the required documents, it usually will take 5-7 working days to get sanctioned.

A minimum CIBIL score of 700 or more is needed to secure a Standard Chartered Bank Business Loan.

The Standard Chartered Bank sanctions a business loan in the range of a minimum of Rs 10 lakhs and a maximum of Rs 1 Crore

It is not a necessity to have a co-applicant while applying for a Standard Chartered Bank Business Loan. Although, if you possess one, assure your lender that you are truly ‘Creditworthy’, which helps in enhancing your chances of securing a business loan significantly.

In case of Business Loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.

When you possess ITR documents for three financial years, it significantly helps increase your chances of obtaining a Standard Chartered Bank Business Loan. However, it is possible for you to get a business loan even if you do not have three-year ITR returns.
It is only possible though if you are seeking a small loan and you have a good CIBIL score to prove to your lender your ‘Creditworthiness’.

Once you apply for a Standard Chartered business loan, submit all the necessary documents, and receive a sanction letter, it should take this MNC bank about 2-3 working days to disburse the business loan.

There are few details about the Standard Chartered Business Loan that you need to know given below:  They are as follows: 

1. Types of Standard Chartered Business Loans:

   Currently, there are two types of business loans that Standard Chartered provides. They are given below: 

   1. Standard Chartered Installment Loan:

      This is a business loan designed by Standard Chartered Bank that allows you to make use of interest refunds of as high as Rs. 50,000 annually to make timely repayments on the loan amount. 

   2. Standard Chartered Guaranteed Installment Loan:

      The maximum loan amount in this Standard Chartered Business Loan Scheme that be applied for is Rs 100 lakhs. The loan applicant only needs to pay a nominal fee.